HAINES KATHLEEN C 4

What Happened
Kathleen C. Haines, a director of Genco Shipping & Trading Ltd. (GNK), was credited with two RSU transactions on June 18, 2026: 2,054 restricted stock units that vested and 5,545 RSUs granted as an annual director award. Both transactions show a $0 acquisition price (derivative awards), totaling 7,599 RSUs recorded on the Form 4.

Key Details

• Transaction date: 2026-06-18; Filing date: 2026-06-23 (appears filed after the transaction date).
• Prices: $0.00 per RSU (awards/derivative transactions).
• Shares acquired: 2,054 RSUs vested (per footnote); 5,545 RSUs newly granted (annual director award).
• Footnotes of note: F1 explains each RSU converts to one share (or cash at the committee's discretion); F10 states the 2,054 RSUs vested on June 18, 2026; F11/F12 describe the annual director RSU grant and typical vesting (earlier of next annual meeting or Aug 18, 2027).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: Form filed June 23 for a June 18 transaction—this appears later than the typical 2-business‑day Form 4 reporting window.

Context
Restricted stock units (RSUs) are compensation awards that convert into shares (or sometimes cash) upon vesting; they are not open-market purchases or sales and don’t necessarily signal buying/selling intent. Here, one RSU award vested (resulting in the right to shares) and another was an annual grant subject to future vesting conditions. These are routine director compensation actions rather than market purchases.